Modine Manufacturing Company $MOD Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC trimmed its position in shares of Modine Manufacturing Company (NYSE:MOD) by 4.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 244,642 shares of the auto parts company’s stock after selling 10,236 shares during the period. Segall Bryant & Hamill LLC’s holdings in Modine Manufacturing were worth $34,778,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its stake in shares of Modine Manufacturing by 13.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 84,616 shares of the auto parts company’s stock worth $12,512,000 after purchasing an additional 9,989 shares in the last quarter. Schear Investment Advisers LLC acquired a new position in Modine Manufacturing during the 2nd quarter worth approximately $1,547,000. Principal Financial Group Inc. boosted its holdings in Modine Manufacturing by 0.9% in the 3rd quarter. Principal Financial Group Inc. now owns 749,845 shares of the auto parts company’s stock worth $106,598,000 after acquiring an additional 6,847 shares during the period. Y Intercept Hong Kong Ltd grew its position in Modine Manufacturing by 390.6% in the third quarter. Y Intercept Hong Kong Ltd now owns 16,861 shares of the auto parts company’s stock valued at $2,397,000 after acquiring an additional 13,424 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of Modine Manufacturing by 12.4% during the third quarter. Oppenheimer Asset Management Inc. now owns 48,189 shares of the auto parts company’s stock valued at $6,851,000 after purchasing an additional 5,319 shares during the period. 95.23% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MOD has been the subject of several analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Modine Manufacturing in a research note on Monday, December 29th. Zacks Research raised shares of Modine Manufacturing from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 30th. Oppenheimer raised their target price on Modine Manufacturing from $220.00 to $240.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. UBS Group started coverage on Modine Manufacturing in a research report on Thursday, November 20th. They set a “buy” rating and a $173.00 target price on the stock. Finally, DA Davidson increased their price target on Modine Manufacturing from $255.00 to $265.00 and gave the company a “buy” rating in a report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Modine Manufacturing currently has an average rating of “Buy” and an average price target of $223.20.

Insider Buying and Selling at Modine Manufacturing

In related news, Director Suresh V. Garimella sold 1,100 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $184.07, for a total transaction of $202,477.00. Following the sale, the director directly owned 79,856 shares of the company’s stock, valued at approximately $14,699,093.92. This represents a 1.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.48% of the company’s stock.

Modine Manufacturing Stock Performance

Shares of Modine Manufacturing stock opened at $238.32 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.28 and a current ratio of 2.19. Modine Manufacturing Company has a 1 year low of $64.79 and a 1 year high of $243.80. The firm’s 50-day simple moving average is $172.23 and its 200-day simple moving average is $156.23. The firm has a market cap of $12.57 billion, a PE ratio of 132.40, a price-to-earnings-growth ratio of 1.39 and a beta of 1.66.

Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings data on Wednesday, February 4th. The auto parts company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.20. Modine Manufacturing had a return on equity of 22.99% and a net margin of 3.40%.The firm had revenue of $805.00 million during the quarter, compared to analyst estimates of $763.54 million. During the same period in the previous year, the company earned $0.92 earnings per share. Modine Manufacturing’s quarterly revenue was up 30.5% on a year-over-year basis. Equities analysts forecast that Modine Manufacturing Company will post 3.88 earnings per share for the current fiscal year.

Modine Manufacturing Company Profile

Modine Manufacturing Company (NYSE:MOD) is a global provider of thermal management solutions serving automotive, commercial transportation, heavy-duty off-highway, industrial, HVAC and refrigeration markets. The company designs, manufactures, tests and markets a broad array of heat-transfer products that manage temperature and energy efficiency for engines, power electronics and building climate control systems.

Its product portfolio includes heat exchangers, condensers, radiators, evaporators, charge air coolers, fan systems and associated controls.